Conference day one, Tuesday 9 June 2009
7.15am
Registration and refreshments
8.15am
Chairperson’s welcome remarks
Ebrahim Patel, CEO, IslamicFinance, South Africa
Islamic perspective on the international economy
Keynote address: The role of Islamic finance in the international
8.30am
economic system

Islamic finance: a source of global capital and destination for innovative
products and structures

Impact of short-term slowdown on the long-term sustainability

What are the key drivers to sustainability?

Impact of the credit crunch on investment trends

Predicting Islamic economic performance in the next 12 months
Ijlal Ahmed Alvi, CEO, IIFM, Bahrain
Panel session: Where are the growth opportunities for Islamic
9am
finance?

Are Shariah compliant investments really safer?

Are Islamic banks well placed to pursue new growth avenues?

Which regions provide attractive opportunities for development?

Which products and markets offer high growth potential?
Hajara Adeola, Managing Director, Lotus Capital, Nigeria
Mujeeb Beig, SVP and Head of Research and Product
Development, First Dawood Islamic Bank Limited, Pakistan
Jafril Khalil, CEO, Asuransi Syariah Mubarakah, Indonesia
9.45am
Keynote address: Defining the growing interest in Islamic finance

Increasing financial opportunities in Muslim majority countries: what are the
secrets and where are the limits?

What are the products and why are they not growing fast?

How to enhance the flow of foreign and intra-regional capital
Ahmad Riawan Amin, Islamic Scholar and President Director, Muamalat Islamic Bank, Indonesia
10.15am
Morning refreshments and networking
Dawn of Africa – penetrating new markets
10.45am
Continuing development of Islamic finance across Africa

What has been changing and where?

Government support in Africa towards the flow of capital

Understanding mutual cooperation in international Islamic finance
development

Building competitive advantage for long-term success
Hajara Adeola, Managing Director, Lotus Capital, Nigeria
11.15am
Panel session: Islamic banking in a non-Islamic world

Looking into Islamic finance entering new markets

Value of becoming a centre for Islamic finance

What regulatory frameworks are being put in place that will enable industry
development?

Which countries have the greatest potential and how can a country acquire a
competitive advantage
Moderator:
Isaac Fokuo, Principal, Botho Advisory Group, United States of America
Dr Humayon Dar, CEO, BMB Islamic UK Ltd, United Kingdom
Ijlal Ahmed Alvi, CEO, IIFM, Bahrain
Tapping the emerging boom in Islamic retail banking
11.45am

Keynote address: Opportunities in the Islamic banking space
Demand side challenge: how to “convert” conventional customer into
Islamic?

Supply side challenge: what types of product will tick?

Challenges in innovation: identifying limits to innovation
Dr Humayon Dar, CEO, BMB Islamic UK Ltd, United Kingdom
12.15pm
Networking lunch and prayer
2pm
Islamic credit cards – understanding the structure and mechanisms

Can credit cards ever be Islamic?

Shariah provisions on credit cards

Basic differences between Islamic and conventional credit cards

Models of Islamic credit cards and Shariah alternatives
Presenter TBA
Meeting the retail needs of the Muslim community
2.30pm

Current market place for Islamic retail products

Innovative product development and successful Shariah compliant
instruments

Meeting both Muslim and non-Muslim community’s expectations

Challenges and way forward
Syed Tariq Husain, CEO, Emirates Global Islamic Bank, Pakistan
3pm
Networking and afternoon refreshments
Islamic standards and regulation
3.30pm
International keynote address: Driving global Islamic finance
forward by setting industry standards – AAOIFI update

Standardisation of international Islamic finance practices

The need for standardisation of Islamic finance practices

Adoption of AAOIFI’s standards and current status of jurisdictions in
adopting AAOIFI’s standards

AAOIFI standards supporting the Islamic financial industry
Dr Mohamad Nedal Alchaar, Secretary General, AAOIFI, Bahrain
Risk management in Islamic banking
4pm

Current credit crisis

Key risk management challenges

Kuwait Finance House experience – a case study

Lessons to be learnt and a new world order in Islamic banks
Amit Yashpal, Head of Risk Management
Kuwait Finance House, Bahrain
Shariah scholar power session
Keynote panel session: Evaluating the importance of the Shariah
4.30pm
framework

Does contemporary Islamic banking and finance meet Shariah compliant
conditions and its principles?

Where is the liquidity in a Shariah fund?

Overcoming the challenges in marrying the structures of Islamic law with
existing investment tactics

Addressing the shortage of Shariah talent
Dr Muhammed Qaseem, Country Head of Shariah
Dubai Islamic Bank, Pakistan
Sheikh Nizam Yaquby, Shariah Scholar, Bahrain
Syed Tariq Husain, CEO, Emirates Global Islamic Bank, Pakistan
5.15pm
End of conference day one
Conference day two, Wednesday 10 June 2009
8am
Refreshments
8.25am
Chairperson’s opening remarks
Ebrahim Patel, CEO, Wesbank, South Africa
Evolution of Islamic investment banking
Keynote address: Corporate and investment banking: Capturing the
8.30am
next wave of big deals

Exploring key trends in the corporate and investment banking markets

Islamic asset management and wealth management

What are the latest developments in the Islamic capital markets and
implications for players?

The way forward
Muhammad Farhan, CFA Associate Director Islamic Finance, HSBC, Saudi Arabia
Identifying opportunities in Islamic investment products
Panel session: Understanding and attracting funds through Islamic
9am
finance

Islamic funds vs. western ethical funds

African institutions vs. foreign banks launching Islamic products

Strain of rapid growth in the sector and are global capital flows affecting
investments in local assets?

Key Islamic fund hubs: will Saudi Arabia and Malaysia continue to remain
dominant over the next 12 months?
Sohail Jaffer, Partner, FWU Group, Luxembourg
Muhammad Farhan, CFA Associate Director Islamic Finance, HSBC, Saudi Arabia
Jafril Khalil, CEO, Asuransi Syariah Mubarakah, Indonesia
Recent developments in Islamic securitisation
9.45am

Is securitisation a central focus to Islamic finance services

Sukuk-bond equivalents and asset securitisation equivalents

Structuring considerations; Shariah compliance parameters

Ratings agency issues

Opportunities for African issuers: the first asset securitisation Sukuk
Nauman Ali, Islamic Solutions
Formerly from ABSA Private Bank, South Africa
10.15am
Morning refreshments and networking
U-turn
10.45am
Things that keep you awake at night
You have voted for these topics! Your chosen speakers will now
offer you real-time, spontaneous solutions and commentary on
the issues that keep you awake at night. Bring your questions to this spontaneous discussion.
Opportunities of Shariah compliant products in Africa
11.15am

The evolution of Sukuks in the Islamic landscape
Tapping into the growing market of Shariah compliant funds as a source of
infrastructure investment

Using Sukuk for project financing

Innovative Sukuk structuring: benefits for issuers and investors
Sheikh Nizam Yaquby, Shariah Scholar, Bahrain
11.45am
Takafol: innovation and solution

New growth and global market opportunities for Takafol

Assessing recent development in the global Takafol landscape

Evolution and development of bancatakaful

Challenges to integrate Takaful within conventional banks
Sohail Jaffer, Partner, FWU Group, Luxembourg
12.15pm
Networking lunch and prayer
2pm
Awqaf – the hidden potential for investors

What is Awqaf?

Brief historical background

Awqaf investments in South Africa and the world
Zeinoul Abedien Cajee, CEO
National Awqaf Foundation of South Africa
Effective asset allocation
Tapping into the global growth of ETF investments
2.30pm

ETFs: developed country phenomenon or for all investors? Why no ETFs in
GCC/MENA?

ETFs vs. Index Funds: fundamental differences

Islamic ETFs vs. Conventional ETFs: fundamental differences

Islamic ETFs – threat to Islamic funds?

Islamic ETFs for addressing short-term Islamic needs, equitising cash, coresatellite strategy, etc.
Dr Vladimir Nedeljkovic, Associate Principal ETFs and Index Products, ABSA Capital, South Africa
3pm
Shariah compliant real estate funds: fuelling the growth of Islamic
finance
???? Why are alternate investments becoming popular among Islamic
investors?
???? What needs to be developed in terms of the distribution of such
products?
???? Potential structures in terms of Shariah compliant real estate
funds
Mian Muhammad Nazir, Vice President and Head of Legal at SCD-DIB, Dubai Islamic Bank, United Arab
Emirates
3.30pm
Afternoon refreshments and networking
4pm
The new growth area: Islamic private equity

Importance of PE asset class to Islamic finance-diversification and modern
day musharika?

Key trends and growth dynamics to Islamic PE funds

Structuring Shariah compliant funds to attract Islamic investors

Opportunity for conventional PE funds

Can Islamic finance pioneer a ‘new’ form of private equity transaction?
Dr Hussein A. Hassan, Head of Islamic Finance
Deutsche Bank, United Arab Emirates
Market movements and regulatory developments governing Islamic finance
Panel session: Defining the role of a central bank in working with
4.30pm
Islamic financial institutions

Co-operation between conventional and Islamic institutions: working
together for common opportunities

Approaches to include Islamic financial products in a conventional
institutional vehicle

Outlook for growth of global Shariah compliant market
Dr Hussein A. Hassan, Head of Islamic Finance
Deutsche Bank, United Arab Emirates
Mian Muhammad Nazir, Vice President and Head of Legal at SCD-DIB, Dubai Islamic Bank, United Arab
Emirates
Dr Muhammed Qaseem, Country Head of Shariah
Dubai Islamic Bank, Pakistan
5.15pm
End of conference
Masterclass I, Monday 8 June 2009
Pre-conference workshop
Understanding and development of Shariah compliant structured products
Objectives:
Review the six basic principles which provide the
foundation to structure a Shariah compliant product. Further discuss how Shariah complaint products are
structured for different applications with the assistance of case studies.
8.30am
Registration and refreshments
9am
Syndicated Murabaha financing

How a banking customer can use Syndicated Murabaha financing as a
substitute to conventional banking syndicated working capital loan facility

How is profit charged and distributed among members of Syndicated
Murabaha financing?

Case studies
10.30am
Morning refreshments and networking
11am
Ijarah


Ijarah as Shariah compliant mode to extend long-term Syndicated financing
How profit is charged and distributed among members of Syndicated Ijarah
financing?

Case studies

Introduction to combination of Istisna and

Ijarah as Shariah compliant modes

Case studies
12.30pm
Networking lunch and prayer
2pm
Shariah compliant syndicated capital project financing and
diminishing Musharakah

How profit is charged and distributed among members of Shariah compliant
syndicated capital project financing

Introduction to Diminishing Musharakah

Case studies

How profit is charged and distributed among members of Shariah compliant
Syndicated commercial projects financing and Syndicated Financing for the
construction of factory building
3pm
Afternoon refreshments and networking
3.30pm
Sukuk as Shariah compliant mode

Introduction to Sukuk

Case studies to issue Sukuk

How profit is charged and distributed among Sukuk holders
End of workshop
5pm
Masterclass II, Thursday 11 June 2009
Post-conference masterclass
Islamic finance, economics and project finance
Objectives:
This in-depth workshop will provide participants with
insight into the area of Islamic economics and project
financing. The participants will be taken through the
Shariah standards, principles, and procedures.
8.30am
Registration and refreshments
9am
Islamic economics vs. conventional economic ideology

Relevant aspects in Islamic finance

Project appraisal techniques
10.30am
Morning refreshments and networking
Factors affecting demand for project and infrastructure in Asia,
11am
Middle East and Africa – Shariah issues in project finance

Prohibition of interest

Gharar, Jahalah & Maysir (gambling)

Islamic project financing techniques

Performance guarantees

Penalty fees on default of payment
12.30pm
Networking lunch and prayer
2pm
Shariah compatible contracts for project and infrastructure
financing

Islamic commercial ethics and legal maxims

Islamic law of contract

Debt-creating vs. debt-based finance

Debt-creating Shariah contracts

Sharing contracts

Lease-based contracts
3pm
Afternoon refreshments and networking
3.30pm
Case study
5pm

KFH syndicated Murabaha to buy shares

Hub Power Project – Pakistan – BOT Ijara
End of workshop